1300 391 793
Giuntabell have a deep understanding of the charity and non-profit sector and can empower and guide your organisation. Giuntabell works in partnership with you to provide the expertise you need to meet new accounting standards.
You will find a caring, compassionate and expert accounting team with Giuntabell that are focused on your success.
Grant revenue recognition for not-for-profit organisations is complex and requires the consistent application to make sure the financial statements comply with the Australian Accounting Standards.
Giuntabell can help to validate and provide substantiation for the grant income recognised.
Giuntabell will facilitate the development of a grant recognition policy. The policy will include the following:
- Details of the applicable accounting standards
- How grant invoices are to be recorded in the accounting system
- The end of month process involved calculating the amount of grant income recorded
- Grant Reserve accounting methodology used
- Recording of grant income associated with capital acquisitions and program setup costs
- How grants received for the distribution to third party agencies is to be recorded.
If your organisation requires assistance to adhere to new accounting standards or build governance processes which support grant accounting contact us now.
“I engaged the services of Giuntabell Pty Ltd, led by Nunzio Giunta, for full financial and accounting services for our not for profit organisation in late 2016. Our staff, the Board and myself have been extremely impressed with the high quality of service, knowledge and detail of reports provided by Nunzio and his team. They ensure we are kept up to date and I would strongly recommend them to any organisation seeking professional and expert management of their financial systems.”
Ross Joyce
Chief Executive Officer | Australian Federation of Disability Organisations
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